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Maverick88

118 Posts.

01/06/17

12:36

Post #: 25038945
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Originally posted by talentless ↑

As he resign unless those shares, by the authority of the board, were awarded to him on his resignation despite the vesting hurdle not being met then they have lapsed and he should have no entitlements over them.

Likewise as previously discussed The previous two board members still had their unvested shares on their final directors notice as well.

If they have been awarded then they should not be shown on the final directors notice as unvested performance shares but as normal shares.

Maybe a "deal" was done for them to vest upon their resignations and the co sec has made a mistake filling out the notice. If not then they should not appear. I believe we have still heard nothing on that front?

One of the other issues I believe being investigated is that the board were never actual employees of the company ( just contractors) but the company paid their tax, super and GST for them. All highly irregular and a mess to say the least.

As I'm not a shareholder I'm not really in the position to ask ASIC or the ATO about my concerns.

patience here is the only way. The previous board including mr Joyce have shown beyond doubt all they cared about was themselves and their cronies and/or were totally incompetent.

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Superwhinger really took this to the next level. He couldn't even order Chinese food little though set up a deal. His following is a testament to how easy it is to fool the crowd.

BGS Price at posting: 22.5¢ Sentiment: None Disclosure: Held
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Ready, Set, Go, page-37

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